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VIETNAM: Construction plans for proposed $100,000,000 automobile tire plant, KUMHO TIRE CO. INC.

PROJECT OVERVIEW:

The Vietnam's People Committee recently approved, in principle, the automobile tire plant construction plans being promoted by KUMHO TIRE CO. INC. of South Korea. In so doing, a 30-hectare site in the Cu Chi District, of Ho Chi Minh, was suggested for the project.

Construction plans under consideration call for building a factory that will employ the latest technologies. Product output is to be sold in the domestic as well as neighboring markets. Although the size of the plant has not yet been revealed it is nevertheless known that it wi

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